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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- USDPLN has been retracing higher in the past week, breaking above its 3.77 resistance (100D and 200D SMA); next ST resistance to watch on the topside stand and 3.80, followed by 3.82. On the downside, first support stands at 3.74 (50D SMA), followed by 3.70.
- EURPLN has stabilized and currently trade slightly below its 100D SMA at 4.54; a break above that level would open the door for a move up to 4.59. On the downside, ST support to watch stands at 4.45.
- GBPPLN has been trending higher in the past week, breaking above its 100D SMA and currently testing its 5.30 resistance; next level to watch on the topside stands at 5.40. On the downside, first support to watch below 5.25 (100D SMA) stands at 5.20, followed by 5.13 (200D SMA).
- PLNHUF has been trending higher in the past week, currently flirting with the high of its 3W range at 78.20; next resistance to watch on the topside stands at 78.36 (50D SMA), followed by 78.90 (100D SMA). On the downside, first support stands at 77, followed by 76.60.
- CZKPLN ticks lower this morning after failing to break through the 0.1780 level; supports to watch on the downside stand at 0.1765 (50D SMA) and 0.1757 (100D SMA). On the topside, key resistance stands at 0.1791 (March 30 high).
- PLNJPY has been consolidating lower in the past two weeks after failing to break through its 30 resistance in the beginning of the month, which corresponds to the 61.8% Fibo retracement of the 25.11 – 33.08, as traders have been taking profit on their PLN positions following strong momentum in April and May. The pair is currently testing its 50D SMA at 29.21, next support to watch on the downside stands at 29, followed by 28.73. On the topside, first resistance stands at 29.50, followed by 30. (chart below).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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